WTD News

Let’s start with a very simple and a basic question. What is black money? Black money refers to undeclared earnings that may have been legally or illegally made, but have been hidden from the government so as to avoid paying tax on them. Although this is an issue plaguing our nation since the economic reforms during the early 90s it came to limelight with a number of scams involving politicians and popular personalities. For instance, Bofors scam, Coalgate and the biggest data leak- Panama Papers.